The depleting crude oil resources and their environmental implications have led to the development of biodegradable lubricants. They are highly demanded as they are non-toxic, renewable and environmental friendly. Bio-based lubricants are mostly synthesized from vegetable oil and oilseeds and made of esters, which are either oleo chemical, natural, or complex.

Please click the link to find report description and Table of Content in detail Global Bio-Lubricant Market– Global Industry Analysis and Forecast 2024

Bio-Lubricant Market is expected to reach USD 3.48 Billion by 2026 from USD 2.24 Billion in 2016 at a CAGR of 6.5%.

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the base oil type, application, end use, and geography to assist in strategic business planning.

The vegetable oils segment is expected to witness significant market growth:

Vegetable oils offer better oxidative stability and technical performance than animal fats. Vegetable oil is used in multiple applications and are produced in significant quantity globally.

Europe is expected to hold the largest shares of the market during the forecast period:

The growth in the Europe is attributed to the high demand for biodegradable products due to the stringent environmental regulations in the countries such as Germany, Finland, France, Italy, Norway, and others.

Scope of the Report:

Bio-Lubricant Market, By Base Oil Type: Animal Fats, Vegetable Oils and Others

Bio-Lubricant Market, By Application: Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents, Two-cycle Engine Oils, Gear Oils, Greases and Others

Bio-Lubricant Market, By End Use: Commercial Transport, Industrial and Consumer Automobile

Bio-Lubricant Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America

Bio-Lubricant marketplace is growing with the presence of major companies holding a large market share.

Some of them operating in the market are given underneath:

Cargill (US)
Fuchs (Germany)
Oils (UK)
Panolin (Switzerland)
ExxonMobil (US)
Shell (Netherlands)
Chevron (US)
BP (UK)
Klüber Lubrication München Se & Co. Kg (Germany)
Total (France)
Albemarle (US)
Emery Oleochemicals (Malaysia)
RSC Bio Solutions (US)
Binol Biolubricants (Sweden)
Carl Bechem (India)

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